10 August, 2019
HR Food Processing Private Limited which is in the business of processing and marketing dairy products in Eastern India has raised approximately INR 75 crores in fresh funding from CDC Group Plc. and Lok Capital Growth Fund which is a mix of primary and secondary equity funding.
The transaction documents were signed on 14 June 2019 and the transaction closed on 27 June 2019.
Role – Jerome Merchant + Partners, Mumbai advised the Company as well as Aavishkaar entities who are existing investors in the Company.
Members of JM+P team: The team was led by Partner Sameer Sibal along with Associates Rishabh Gupta and Nirav Bakshi.
Other Legal Advisor 1: Cyril Amarchand Mangaldas (CAM), Bangalore advised CDC Group Plc. and Lok Capital Growth Fund
Members of CAM, Bangalore team: The team was led by Partner Akshay Bhat along with senior associate Preseedha Premnath and associates Amrita Mohan and Jacob George.
Other Legal Advisor 2: Vertices Partners, Mumbai advised the selling/exiting Promoters of the Company in relation to their secondary sale to Investors (CDC Group & Lok Capital)
Members of Vertices Partners, Mumbai team: The team was led by Partner Vinayak Burman along with Associate Manager Hardik Thakker and associate Ankit Kumar.
